Duke University/CFO
Global Business Outlook Survey
Spring 2008

No individual firms are identified and only aggregate data are made public. Please respond by March 6. If you have any questions about this survey, please contact us.

6a. During 2008, does your company plan to :

Acquire another company or companies?   Acquire part of another company or companies?   Both   Neither

6b. During 2008, does your company plan to:

Sell your company?   Sell part of your company?   Neither

7a. Do you think the U.S. is currently in a recession?

Yes   No   7b. If no, what is the probability that the U.S. economy will experience a recession during 2008? (e.g., 0%, 50%, etc.)                                      % chance of a U.S. recession some time in 2008

7c. When do you expect to see the economy turn the corner and begin returning to normal growth?

2008   1st half 2009   2nd half 2009   Beyond

8. To what extent do you believe your company's foreign activity will offset potential weakness in U.S. demand for your product? (Please answer only if your company is headquartered in the U.S.)

Not at all·   A small amount   A moderate amount   A large amount   Not applicable

9a. Has your company been affected by the cost or availability of credit?

No   Yes, somewhat      Yes, very much   9b. If yes, in what ways has your company been affected by the credit market turmoil?    [check all that apply]     Decreased availability of credit   Increased cost of credit     If yes, How many basis points increase?   bps   Other:

10.The Federal Funds rate has been cut significantly in the last few months. From your perspective, what impact have these cuts had on your company?

Very Helpful Somewhat Helpful No Impact Somewhat Harmful Very Harmful

11. Is your company taking any actions in response to recent economic turmoil in the U.S.?

No, we are not taking any actions in response   Yes, we are delaying or reducing capital spending   Yes, we are delaying or reducing hiring plans   Yes, we are delaying or reducing M&A plans   Yes, we are delaying or reducing share repurchases   Yes, other action:

12. On February 25, 2008 the annual yield on 10-yr treasury bonds was 3.9%. Please complete the following:

a. Over the next 10 years, I expect the average annual S&P 500 return will be: Worst Case: There is a 1-in-10 chance the actual average return will be less than:              % Best Guess: I expect the return to be: % Best Case: There is a 1-in-10 chance the actual average return will be greater than:           % b. During the next year, I expect the S&P 500 return will be: Worst Case: There is a 1-in-10 chance the actual return will be less than:              % Best Guess: I expect the return to be: % Best Case: There is a 1-in-10 chance the actual return will be greater than:           %

13a. In the last year, approximately what percentage of 401(k) participants at your company have taken loans against or made hardship withdrawals from their 401(k) accounts? (e.g., 5%, 12%)

%

13b. Is the number of loans or withdrawals an increase, relative to 2006?

Yes   No

13c. To what do you attribute your employees taking loans or making hardship withdrawals?

To make mortgage payments   To ward off personal bankruptcy   To cover health care costs   To handle a family emergency   To facilitate normal, non-emergency spending   Other (please specify)

14. Who is your choice for the next president of the United States?

Hillary Clinton   Mike Huckabee   John McCain   Barack Obama   Other (please specify)

Please check one from each category that best describes your company:      a. Industry

Retail/Wholesale        Mining/Construction        Manufacturing        Transportation/Energy        Communications/Media       Tech [Software/Biotech]       Banking/Finance/Insurance       Service/Consulting       Healthcare/Pharmaceutical       Other:

b. Sales Revenue	c. Number of Employees
Less than $25 million        $25-$99 million        $100-$499 million        $500-$999 million        $1-$4.9 billion        $5-$9.9 billion        More than $10 billion	Fewer than 100       100-499       500-999       1,000-2,499       2,500-4,999       5,000-9,999       More than 10,000

d. Headquarters	e. Ownership
Northeast U.S.        Mountain U.S.        Midwest U.S.        South Central U.S.        South Atlantic U.S.        Pacific U.S.  Canada  Central/Latin America  Europe  Asia	Public, NYSE       Public, NASDAQ/AMEX       Private       Government       Nonprofit

f. Foreign Sales	g. Your job title (e.g., CFO, Asst. Treasurer, etc)
0%        1-24%        25-50%        More than 50%
h. Your age	i. What is your company's credit rating?
<=40 41-45 46-50 51-55 56-60 >60  years	Not Applicable AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC CC D Not Rated